FVCbank vs. SoFi Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | FVCbankAdvantage Direct Savings Jan 21, 2026 | SoFi BankSoFi Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.85% | 3.30% - 4.00% |
Est. Earnings | $5,000+$193 $10,000+$385 $25,000+$963 | $5,000+$183 $10,000+$365 $25,000+$913 |
Min Deposit | $500 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Limited offer: The 4.00% includes a temporary 0.70% APY boost for 6 months. It is available with a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account with a 0.50% APY. |
| Features | FDIC InsuredLow MinimumsGreat iOS AppZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppZelle® SupportedChecking Bundle |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
As of FVCbank offers an APY of 3.85% for its Advantage Direct Savings account, with a minimum balance of $500, compared to SoFi Bank's 4.00% APY for its SoFi Savings account, with a minimum balance of $0.
FVCbank pays $20 more than SoFi Bank on a $10,000 balance after one year. FVCbank pays $385, while SoFi Bank pays $365 (with an effective APY of 3.65%) - an APY advantage for FVCbank.
Why FVCbank?
- ✓No checking account or direct deposit required
Why SoFi Bank?
- ✓Earn a $50 bonus with $1,000+ in direct deposits, or $300 with $5,000+.
- ✓Earn 0.50% APY on checking account with access to 55,000+ fee free ATMs
- ✓Higher potential APY (4.00% vs 3.85%) for a duration of 6 months (requires checking bundle)
- ✓Higher rated iOS app (4.8 vs 4.4)
— Key Feature Differences —
Better Returns at $10,000
FVCbankFVCbank's Advantage Direct Savings earns more on smaller deposits (approx. $385 vs $365/yr).
Better Returns at $25,000
FVCbankFVCbank's Advantage Direct Savings pulls ahead with larger amounts (approx. $963 vs $913/yr).
Best for Simplicity
FVCbankFVCbank's Advantage Direct Savings offers 3.85% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, FVCbank's Advantage Direct Savings pays $20 more interest on a $10,000 balance than SoFi Bank's SoFi Savings.
*This comparison accounts for SoFi Bank's introductory promotional rate, yet FVCbank's standard rate still yields a higher 1-year return.
Executive Summary as of
SoFi Bank offers a competitive 4.00% APY on its SoFi Savings account, which includes a temporary boost and requires either a direct deposit or a $10/month subscription fee. This account also comes bundled with a checking account that has a lower 0.50% APY. In comparison, FVCbank's Advantage Direct Savings provides a steady 3.85% APY with no direct deposit requirement or maintenance fees, making it a simpler option. Both accounts are online-only, but SoFi's offer is time-limited, while FVCbank's is more straightforward without any additional conditions.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
FVCbank vs. SoFi Bank Savings Calculator
You earn $20.1 more with FVCbank than SoFi Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
FVCbank
Advantage Direct Savings
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
SoFi Bank
SoFi Savings
Promo Rate: 4.00% for 6 months, then 3.30%.
Savings Breakdown
- Interest Earned+$364.90(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,364.90
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | FVCbank | SoFi Bank |
|---|---|---|
| APY | 3.85% Verified: 1/21/2026 ↘︎ 0.25%90d Change | 4.00% Range: 3.30% - 4.00% Verified: 1/21/2026 ↘︎ 0.50%90d Change |
| Product Name | Advantage Direct Savings | SoFi Savings |
| Minimum Deposit | $500 | $0 |
| Min. Balance for APY | $500 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | While direct deposit is not required, the alternative is a subscription fee of $10/month |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.4 Android3.6 | iOS4.8 Android3.9 |
| Zelle® Support | Available Integrated into mobile app. | Available Native support added in 2024 for banking members. |
| BBB Rating | B- | A+ |
| Important Notes | - | Limited offer: The 4.00% includes a temporary 0.70% APY boost for 6 months. It is available with a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account with a 0.50% APY. |
| Next Steps | Visit SiteVerify at FVCbank Non-sponsored link to official site | Visit SiteVerify at SoFi Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | FVCbank | SoFi Bank |
|---|---|---|
| Advantage Direct Savings | SoFi Savings | |
Current APY | 3.85% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -8.4 | 6.1 |
Days Since Change | 81 | 29 |
10-Month High | 4.55% | 4.50% |
10-Month Low | 3.85% | 3.80% |
Adjustments / Mo | 0.78 | 0.29 |
Volatility Score | 0.064 | 0.071 |
How to read these metrics(Click to expand)
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